ELKHART — One day after announcing record income for 2012, Patrick Industries announced plans to buy back $10 million worth of the company’s stock over the next year.

The board of the Elkhart-based company announced the program Friday, Feb. 22. The program doesn’t require Patrick to buy any specific number or amount of shares, but the company plans to make the purchases in the next 12 months at market prices or in private transactions, according to the company’s announcement.

The company operates across the U.S. and primarily operates as a supplier to the recreational vehicle and manufactured housing industries.